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(307) 224-1523
Real Estate Company
2401 Grandview Place, Casper, WY 82601
- $8,645,000
- 71,676
- SqFt
- List Price
- $8,645,000
- Status
- ACTIVE
- MLS#
- 20262147
- Days on Market
- 187
- Sq. Ft
- 71,676
- Acres
- 2
- Year Built
- 1972
- Subdivision
- Grandview
Property Description
High-Yield 67-Unit Condo Portfolio | Strong In-Place Income | 8.3% Cap Rate Rare opportunity to acquire a 67-unit residential condo portfolio offering immediate scale, stable cash flow, and an attractive 8.3% cap rate at current operations. This asset delivers consistent in-place income supported by a diversified tenant base, making it well-suited for investors seeking reliable yield in todayâs market. The property benefits from solid occupancy and established rental performance, with minimal reliance on pro forma assumptions. Investors can step into a stabilized asset with predictable revenue from day one. The condo structure provides additional strategic flexibility, including the potential for future unit-by-unit disposition (subject to market conditions and HOA guidelines), offering a compelling long-term value enhancement opportunity. This offering is ideal for yield-focused buyers, 1031 exchange investors, or groups seeking a scaled residential investment with both current income and optional upside. Highlights: 67 residential units within a condo project Strong in-place NOI of $712,172 (based on Seller provided info) Attractive 8.3% cap rate at asking price (based on recent appraisal) Stable occupancy and consistent rental income Potential long-term exit via condo sell-off strategy Turnkey investment with immediate cash flow
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Additional Information
- Tax Year
- 2025
- Style
- 2 Story
- Exterior
- Frame-Lap
- Foundation
- Concrete
- Construction
- Wood Frame
- Fencing
- None
- Appliances
- Range/Oven
- Exterior Features
- Landscaped
- Lot Size
- HOA owned
- Heating
- Baseboard, Electric
- Cooling
- A/C Window Unit
- Electric
- Rocky Mountain Power
- Water
- City
- Sewer
- City
- Number Of Units
- 67
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Listing courtesy of LPT Realty.